UltraTech Cement offers to acquire 31.6% stake in RAK Cement Co

UltraTech Cement, through its subsidiary UltraTech Cement Middle East Investments Ltd, made a partial conditional cash offer to acquire a 31.6% stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC. The offer period runs from May 28 to June 24, 2024.

“UCMEIL has notified its intention of making a partial conditional cash offer for acquiring 158,049,610 shares, representing 31.6 per cent of the issued and paid-up share capital of RAKWCT.”business-standard.com

• 3 sources
• business-standard.comUltraTech Cement offers to acquire 31.6% in UAE-based RAK Cement Co | Company News - Business StandardPress Trust of IndiaMay 27, 2024
• cemnet.comUltraTech Cement announces plans to acquire 31.6% stake in RAK CementICR NewsroomMay 28, 2024
• worldconstructionnetwork.comUltraTech Cement offers to acquire 31.6% stake in RAKWCTUpasana MukherjeeMay 28, 2024

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